Wednesday, January 2, 2019 - 11:21am

SubPrime Auto Finance News Staff

Members of the American Recovery Association (ARA) can leverage a new opportunity in 2019. ARA, in partnership with Harding Brooks Insurance Agency, announced the newest benefit of the ARA membership and what the association believes is the first of its kind: a guaranteed $10,000 ($20,000 accidental death, no questions... Read More

Friday, December 14, 2018 - 9:33am

Nick Zulovich, Senior Editor

With SubPrime Auto Finance News wrapping up its online endeavors for the year on Friday, it presented the opportunity to delve into the metrics of our website activity, using the capabilities of Google Analytics to uncover what you the reader — our customers — found to be the most noteworthy developments of... Read More

Friday, December 14, 2018 - 9:28am

SubPrime Auto Finance News Staff

Ally Financial specifically targeted locations in Florida, North Carolina, California, Michigan and New Jersey where its holiday cheer could be most impactful. The finance company is showing its appreciation for its dealer customers this holiday season with a series of donations across the country aimed at dealership... Read More

Thursday, December 13, 2018 - 10:39am

SubPrime Auto Finance News Staff

Pegasystems revealed results of a consumer study about extended vehicle warranties that likely reinforce the value proposition finance managers present to their customers, but also probably reiterate store frustrations over sales penetration rates for these products not being higher. Pegasystems, a software company,... Read More

Wednesday, December 12, 2018 - 12:20pm

SubPrime Auto Finance News Staff

TransUnion’s 2019 consumer credit forecast includes a projected rise in subprime financing as a part of all of auto financing originated next year.   However, the predicted rise still is expected to come in below the volume of subprime financing TransUnion spotted back in 2007 before the Great Recession... Read More

Wednesday, December 12, 2018 - 12:15pm

SubPrime Auto Finance News Staff

In an age where so much communication now occurs via email or an even faster text message, a hand-delivered letter from an industry association quickly generated a phone call from the new director of the Consumer Financial Protection Bureau. That hand-delivered letter from the National Association of Federally Insured... Read More

Wednesday, December 12, 2018 - 12:11pm

SubPrime Auto Finance News Staff

If contract holders already were 30 days behind on their installment payment when Halloween arrived, they now might be up for repossession, especially in the 20 states that Experian identified as having a 30-day delinquency rate above 2 percent at the end of the third quarter. According to Experian’s State of the... Read More

Tuesday, December 11, 2018 - 12:17pm

SubPrime Auto Finance News Staff

More details arrived on Tuesday from KAR Auction Services with regard to its presence in the repossession and recovery spaces. According to a news release, KAR announced a consolidated management team for its software as a service businesses Recovery Database Network (RDN) and recently acquired Reno, Nev.-based... Read More